Too many young people invest in crypto, says FCA — ‘We are not anti-innovation’ – DL News
- The FCA has been criticised for being too strict on crypto.
- On Tuesday, its chief executive told politicians that too many young people invest in crypto.
- “We are not anti-innovation,” said Nikhil Rathi.
Too many young people invest in crypto.
That’s according to Nikhil Rathi, chief executive of the UK’s Financial Conduct Authority, who made his view known during a meeting with lawmakers on Tuesday.
The boss of the leading financial markets watchdog said they estimate “several millions” of people in the UK under the age of 35 have invested in digital assets without understanding the risks.
“We know it’s potentially very high-risk and you could lose all of your money,” Rathi said.
The FCA would rather that young people invest…
